Gross Domestic Product: Manufacturing (31-33) in Colorado
COMANNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29,060.00
Year-over-Year Change
10.32%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Domestic Product: Manufacturing (31-33) in Colorado series measures the total value added to the state's economy by the manufacturing sector. This metric is a key indicator of Colorado's industrial output and economic health.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The manufacturing GDP represents the contribution of Colorado's factories, plants, and production facilities to the state's overall economic activity. Economists and policymakers closely monitor this statistic to understand the performance and competitiveness of Colorado's manufacturing base.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Historical Context
The manufacturing GDP trend is used to inform economic policy, investment decisions, and assessments of Colorado's business climate.
Key Facts
- Colorado's manufacturing GDP reached a record high in 2021.
- The sector accounts for over 10% of Colorado's total economic output.
- Durable goods manufacturing is the largest component of Colorado's manufacturing GDP.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Manufacturing (31-33) in Colorado series measures the total value added to the state's economy by the manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Colorado's industrial output and economic health, providing insight into the performance and competitiveness of the state's manufacturing base.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Q: How is this trend used in economic policy?
A: The manufacturing GDP trend is used to inform economic policy, investment decisions, and assessments of Colorado's business climate.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions as more information becomes available.
Related Trends
All Employees: Federal Government in Colorado
SMU08000009091000001A
90% Confidence Interval Upper Bound of Estimate of Percent of People of All Ages in Poverty for Colorado
PPCIUBAACO08000A156NCEN
Coefficient for Industrial Carbon Dioxide Emissions, Kerosene for Colorado
EMISSCO2CKSICBCOA
Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Colorado
MSRSCO441
Average Weekly Hours of All Employees: Private Service Providing in Colorado
SMU08000000800000002A
Number of Identified Exporters to Ireland from Colorado
COIRLA475SCEN
Citation
U.S. Federal Reserve, Gross Domestic Product: Manufacturing (31-33) in Colorado (COMANNQGSP), retrieved from FRED.